MP Materials MP Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue (including related party) by Business | ||||||
| Magnetics Segment | $21.08M+5.9% | $19.9M-9.2% | $21.91M+10.3% | $19.86M+283% | $5.19M— | |
| Materials Segment | $72.18M+103% | $35.58M+12.4% | $31.64M-15.7% | $37.53M-32.5% | $55.62M-8.8% | |
| Selling, general and administrative (excluding stock-based compensation expense)(2) by Business | ||||||
| Magnetics Segment | $3.47M+9.0% | $3.19M+8.1% | $2.95M+9.7% | $2.69M+17.5% | $2.29M+8.3% | |
| Materials Segment | $10.1M+28.0% | $7.89M-8.5% | $8.63M-9.6% | $9.54M+36.1% | $7.01M+56.7% | |
| Cost of sales (excluding depreciation, depletion and amortization and stock-based compensation expense)(1) by Business | ||||||
| Magnetics Segment | $7.53M-8.8% | $8.26M-11.7% | $9.35M+4.9% | $8.92M+275% | $2.38M— | |
| Materials Segment | $66.78M+76.4% | $37.85M+2.6% | $36.88M-8.4% | $40.26M-9.5% | $44.48M-22.6% | |
| Other segment items(3) by Business | ||||||
| Magnetics Segment | $485K+635% | $66K-50.0% | $132K-21.4% | $168K+354% | $37K-96.1% | |
| Materials Segment | $836K+41.5% | $591K-10.2% | $658K+62.9% | $404K+7.7% | $375K-3.6% | |
| Segment Adjusted EBITDA by Business | ||||||
| Magnetics Segment | $9.59M+14.4% | $8.39M-11.5% | $9.48M+17.2% | $8.09M+1,541% | $493K+116% | |
| Materials Segment | $36.73M-8.8% | $40.26M+377% | -$14.52M-14.5% | -$12.68M-437% | $3.76M+385% | |
| Price protection agreement income by Business | ||||||
| Magnetics Segment | $0— | $0— | $0— | $0— | $0— | |
| Materials Segment | $42.27M+231% | $12.75M0.0% | $12.75M0.0% | $12.75M0.0% | $12.75M— | |
| Segment capital expenditures by Business | ||||||
| Magnetics Segment | $46.61M+55.9% | $29.91M+63.2% | $18.33M+11.6% | $16.42M+8.5% | $15.12M-36.3% | |
| Materials Segment | $30.55M-5.7% | $32.39M+1.4% | $31.94M+154% | $12.58M-18.0% | $15.34M-14.3% | |
| Revenue (including related party) by Product | ||||||
| Magnetic precursor products | $21.08M+5.9% | $19.9M-9.2% | $21.91M+10.3% | $19.86M+283% | $5.19M— | |
| NdPr Oxide And Metal | $71.14M— | $0— | $0-100% | $518K-94.1% | $8.8M+23.1% | |
| Other Revenue | $1.04M+44.0% | $723K-1.0% | $730K+19.7% | $610K-48.4% | $1.18M+161% | |
| Rare Earth Concentrate | $0-100% | $15K— | $0-100% | $11.88M-60.5% | $30.1M-16.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MP Materials break its business down?
- MP Materials (MP) reports revenue (including related party) by business across 2 parts — Magnetics Segment and Materials Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does MP Materials's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MP Materials's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
